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4515 Lake Shore Dr
Waco, TX 76710
The Woods Office Park · Office Property For Sale


INVESTMENT HIGHLIGHTS
- Ada and fire marshal compliant elevator. It is big enough for an emergency stretcher.
- New spray foam insulation. Your heating and cooling will be minimal.
- LED lights on all floors.
EXECUTIVE SUMMARY
This is wonderful building with a split level design with 9858 sq feet. It was renovated in 2018 and have a brand new 3 phase power system with 3 new transformers on the street. You will have more than enough power. New floors and lights and an elevator installed in 2018 which has seen very limited use and can be activated at the owners discretion. The building is 100% ADA compliant and has passed a TDLR review for the elevator and ADA. There is a 2 story 80 foot long wrap around balcony on the back of the building,
It would be ideal for a spa, law office or corporate headquarters. I could also be leased out in whole or in part.
Presently it is being used as a medical office and owner is using it presently and has rented about 1000 sq ft to an NP on a renewable 1 year lease. This is 6 months old and could be continued or extended based on the requirements of the new owner.
New spray foam insulation has been installed this year. You energy demand on this building will be fantastic. Also there is gas for heating so the cost during the winter is much less. This also mean that attic space can be used as storage for some items since it will not hit 150 degrees. This is perfect for old records and files or anything else an attic space could hold.
This is a true gem of a property.
It would be ideal for a spa, law office or corporate headquarters. I could also be leased out in whole or in part.
Presently it is being used as a medical office and owner is using it presently and has rented about 1000 sq ft to an NP on a renewable 1 year lease. This is 6 months old and could be continued or extended based on the requirements of the new owner.
New spray foam insulation has been installed this year. You energy demand on this building will be fantastic. Also there is gas for heating so the cost during the winter is much less. This also mean that attic space can be used as storage for some items since it will not hit 150 degrees. This is perfect for old records and files or anything else an attic space could hold.
This is a true gem of a property.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
9,858 SF
Building Class
C
Year Built
1980
Price
$1,627,000
Price Per SF
$165.04
Cap Rate
13.60%
NOI
$221,272
Percent Leased
15%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,858 SF
Building FAR
0.98
Lot Size
0.23 AC
Zoning
O1
PROPERTY TAXES
| Parcel Number | 48-045808-001800-1 | Improvements Assessment | $973,719 |
| Land Assessment | $117,720 | Total Assessment | $1,091,439 |
PROPERTY TAXES
Parcel Number
48-045808-001800-1
Land Assessment
$117,720
Improvements Assessment
$973,719
Total Assessment
$1,091,439
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